On December 10, 2022, Ningbo Yunsheng Co., Ltd. closed the transaction. The company issued 102,854,330 shares at a price of CNY 10.16 per share for gross proceeds of CNY 1,044,999,992.80. The company received net proceeds of CNY 1,032,586,922.73 after deducting the issuance expenses of CNY 12,413,070.07.

The transaction was approved by the China Securities Regulatory Commission.